Test: Tax System


30 Questions MCQ Test Economics for CA CPT | Test: Tax System


Description
This mock test of Test: Tax System for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Tax System (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Tax System quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Tax System exercise for a better result in the exam. You can find other Test: Tax System extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Fringe Benefit Tax came in ________.

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QUESTION: 2

As MODVAT had defects so it was ________.

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QUESTION: 3

 Which of the following is an Indirect tax:

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QUESTION: 4

Direct taxes are_________in nature

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QUESTION: 5

VAT was introduced in 1999 and was implemented in ______ some states:

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QUESTION: 6

Service Tax was introduced in: 

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QUESTION: 7

 Income tax in India is ________ in nature: 

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QUESTION: 8

Corporate tax is levied on the incomes of ________.

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QUESTION: 9

Highest Tax revenue is earned by:

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QUESTION: 10

Cenvat is related to: 

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QUESTION: 11

Which proves to be a heavy tax on lower section of people?

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QUESTION: 12

 VAT is levied by __________.

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QUESTION: 13

Wealth tax on annual basis was introduced in: 

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QUESTION: 14

 What is the nature of Income tax?

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QUESTION: 15

MODVAT was introduced in India in union budget of: 

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QUESTION: 16

 CENVAT was introduced in: 

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QUESTION: 17

Which proves to be a heavy tax on lower section of people?

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QUESTION: 18

Excise duty is levied on _______.

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QUESTION: 19

State which of the following income is wholly exempt from the income tax?

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QUESTION: 20

 Highest Tax revenue is earned by:

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QUESTION: 21

VAT was introduced in 1999 and was implemented in ______ some states:

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QUESTION: 22

Direct taxes being progressive in nature, helps to______.

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QUESTION: 23

Weakness of tax system in India:

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QUESTION: 24

When was Patent Infringement Act passed?

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QUESTION: 25

MODVAT was introduced in India in union budget of: 

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QUESTION: 26

 The proceeds of personal income tax are shared between the centre and state on the recommendation of:

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QUESTION: 27

Custom duties are levied ______.

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QUESTION: 28

Which one is the merit of VAT?

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QUESTION: 29

Income tax in India is ________ in nature: 

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QUESTION: 30

Which of the following is an Indirect tax:

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